8-K

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM 8-K

CURRENT REPORT
Pursuant to Section 13 or 15(d) of the Securities Exchange Act of 1934

Date of Report (Date of earliest event reported): April 2, 2010

SKYLINE CORPORATION
(Exact name of registrant as specified in its charter)

Indiana	35-10382	35-1038277
(State or other Jurisdiction of Incorporation)	(Commission File Number)	(IRS Employer Identification No.)

P. O. Box 743, 2520 By-Pass Road	Elkhart, IN 46515
(Address of Principal Executive Offices)	(Zip Code)

Registrant’s telephone number, including area code: (574) 294-6521

(Former name or former address if changed since last report.)

Check the appropriate box below if the Form 8-K filing is intended to simultaneously satisfy the filing obligation of the registrant under any of the following provisions:

o Written communications pursuant to Rule 425 under the Securities Act (17 CFR 230.425)

o Soliciting material pursuant to Rule 14a-12 under the Exchange Act (17 CFR 240.14a-12)

o Pre-commencement communications pursuant to Rule 14d-2(b) under the Exchange Act (17 CFR 240.14d-2(b))

o Pre-commencement communications pursuant to Rule 13e-4(c) under the Exchange Act (17 CFR 240.13e-4(c))

Item 2.02 Results of Operations and Financial Condition.

On April 2, 2010, Skyline Corporation issued a news release reporting the financial results of the third fiscal quarter and nine months ended February 28, 2010. A copy of the news release is attached to this Current Report as Exhibit 99.1.

Item 9.01 Financial Statements and Exhibits.

(d) Exhibits:

99.1 News release of Skyline Corporation dated April 2, 2010

SIGNATURE

Pursuant to the requirements of the Securities Exchange Act of 1934, the registrant has duly caused this current report to be signed on its behalf by the undersigned hereunto duly authorized.

SKYLINE CORPORATION

Date: April 2, 2010

By: /s/ Jon S. Pilarski                
Jon S. Pilarski
Chief Financial Officer

Index to Exhibits

99.1 News release of Skyline Corporation dated April 2, 2010

EX-99.1

Exhibit 99.1

NEWS RELEASE Skyline Corporation 2520 By-Pass Road P.O. Box 743 Elkhart, Indiana 46515-0743 (574) 294-6521 Subject: THIRD QUARTER REPORT Approved by: JON S. PILARSKI

ELKHART, INDIANA -— APRIL 2, 2010

SKYLINE REPORTS THIRD QUARTER AND NINE MONTHS RESULTS

Sales for Skyline’s fiscal 2010 third quarter were $25,415,000 compared to $24,386,000 for the third quarter of fiscal 2009. For the first nine months of fiscal 2010, sales were $95,535,000 versus $134,193,000 for fiscal 2009.

Skyline Corporation reported a net loss for the third quarter of fiscal 2010 of $3,697,000 compared to a net loss of $4,825,000 for the third quarter of fiscal 2009. On a per share basis, net loss for the quarter which ended February 28, 2010 was $.44 versus a net loss of $.58 for a year ago. For the first nine months of fiscal 2010, net loss was $11,412,000 compared to a net loss of $13,069,000 for a year ago. Net loss per share for the first nine months of fiscal 2010 was $1.36 versus a net loss per share of$1.56 for the first nine months of fiscal 2009. Net loss per share for the three and nine months ending February 28, 2010 and February 28, 2009 includes a gain on the sale of idle property, plant and equipment of $.12 and $.25, respectively.

For Skyline’s manufactured housing group, sales for the third quarter of fiscal 2010 were $15,352,000 compared to $17,784,000 for the third quarter of fiscal 2009. For the first nine months of fiscal 2010, sales by the manufactured housing group were $66,055,000 versus the $101,352,000 recorded for the first nine months of fiscal 2009.

For the recreational vehicle (RV) group, sales amounted to $10,063,000 for fiscal 2010’s third quarter compared to $6,602,000 for the third quarter of fiscal 2009. For the first nine months of fiscal 2010, sales by the RV group were $29,480,000 versus $32,841,000 for the same period a year ago.

Skyline continues to maintain its traditionally strong balance sheet with no bank debt and a healthy position in cash and U.S. Treasury Bills. This financial strength, along with a seasoned management team, should help the corporation meet the challenges ahead.

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Bringing America Home. Bringing America Fun.

SKYLINE CORPORATION AND SUBSIDIARY COMPANIES
CONSOLIDATED CONDENSED STATEMENTS OF OPERATIONS

(Dollars in thousands, except share and per share data)

	Three Months Ended						Nine Months Ended
	February 28,						February 28,
	(Unaudited)						(Unaudited)
	2010			2009			2010			2009
Sales	$	25,415		$	24,386		$	95,535		$	134,193
Loss before income taxes		(5,554	)		(7,565	)		(17,789	)		(20,662	)
Benefit for income taxes		1,857			2,740			6,377			7,593
Net loss	$	(3,697	)	$	(4,825	)	$	(11,412	)	$	(13,069	)
Basic loss per share	$	(.44	) (A)	$	(.58	) (A)	$	(1.36	) (A)	$	(1.56	) (A)
Number of weighted average common shares outstanding		8,391,244			8,391,244			8,391,244			8,391,244

(A) Includes an after-tax gain on sale of idle property, plant and equipment of $.12 per share in 2010, and $.25 per share in 2009.

SKYLINE CORPORATION AND SUBSIDIARY COMPANIES
CONSOLIDATED CONDENSED BALANCE SHEETS

(Dollars in thousands)

	February 28, (Unaudited)
	2010			2009
ASSETS
Cash and temporary cash investments	$	76,411		$	99,266
Accounts receivable		7,061			5,415
Inventories		5,900			8,254
Other current assets		18,615			20,327
Total Current Assets		107,987			133,262
Property, Plant and Equipment, net		26,917			30,855
Noncurrent Deferred Tax Assets		11,237			5,050
Other Assets		5,496			5,785
Total Assets	$	151,637		$	174,952
LIABILITIES AND SHAREHOLDERS’ EQUITY
Accounts payable, trade	$	2,480		$	1,283
Accrued liabilities		11,778			16,139
Total Current Liabilities		14,258			17,422
Other Deferred Liabilities		8,580			8,912
Common stock		312			312
Additional paid-in capital		4,928			4,928
Retained earnings		189,303			209,122
Treasury stock, at cost		(65,744	)		(65,744	)
Total Shareholders’ Equity		128,799			148,618
Total Liabilities and Shareholders’ Equity	$	151,637		$	174,952